Business model

accountability / honesty / integrity / respect


Capital inputs

Financial
 
Intellectual
 
Social & Relationship
Economic resources that fund our business, backed by a strong balance sheet that provides an ability to attract capital   Competitive advantage gained by our people through their knowledge and intellectual property as well as our brand and reputation   The value we build through engagement, information sharing and working together with all stakeholders
         
Human
 
Manufactured
 
Financial
The knowledge, skills, talents and experience of people that determine our capacity to accomplish goals   Our services capability, distribution centres, storage and handling facilities, branch network and other infrastructure that generates income   Ecosystems and natural assets, specifically, energy, fuel and water
 
We use our capital inputs to help us carry out activities that align to our vision:
To turn ordinary companies into extraordinary performers, delivering strong and consistent shareholder returns in the process, while understanding that people create wealth, companies only report it.

Strategic pillars

Maximise diverse portfolio

Responsible stewardship

Allocate capital to grow

Maintain strong financial position

 

Gaining an intimate understanding of the factors that could impact our ability to create value enables us to demonstrate our areas of material focus and drive the Group strategy to deliver value.

 

 

Bidvest operates a diversified, highly entrepreneurial and decentralised model with teams that are empowered to grow their respective businesses. Transparency, excellence and innovation forms the basis of all business dealings.

Innovation

Continuously work towards identifying innovative products and services that will enhance quality, drive efficiency and reduce environmental impact

Partnerships

We build reliable progressive businesses and dynamic partnerships with customers

Commonalities
in b2b operations

Handling & Distribution: well-capitalised infrastructure efficiently meets business and customer demands, particularly as a one-stop solution

Sourcing & Procurement: long-term cooperation with suppliers drives efficiency, quality and responsible behaviour. We continuously source new and augmentative products

Services: extensive network, staffed by competent and service-oriented employees who focus on customer satisfaction

Product & Service Development

We develop solutions that fulfil customer needs and ensure long-term profitability

Growth drivers

We accrue revenue from initiating our growth drivers across seven core divisions

Divisional reports

Profit drivers

Revenue

Provision of business and financial services

Handling and distribution of cargo and materials

Provision and distribution of products

Retailing of vehicles

Cost

Employees and other stakeholders

Sourcing, procurement and logistics

Natural resources: energy, water, fuel

Capital expenditure

Regulatory and compliance

Exchange rates

Capital outcomes

Financial
 
Intellectual
 
Social & Relationship
R7 069m cash generated
from operations
0.9x net debt/EBITDA
  Delivered on pioneering solutions such as GRACE, a facilities management equipment failure prediction tool and linen RFID tags that withstand washing.   R133m spent on enterprise and supplier development. Established a sub-contractor network, across South Africa, to deliver on the complex National Treasury office automation contract. Launched eco-friendly Russel Hobbs products.
         
Human
 
Manufactured
 
Financial
Succession and talent management resulted in 69% of management positions filled by black candidates. Mpumi Madisa was appointed CEO-designate. R440m was spent on skills development.   R1bn spent on LPG storage project in Richards Bay. R1.5bn spent on renewing and upgrading existing facilities, fleets and enabling assets.   28% increase in ‘green’ electricity used and 4% decrease in Scope 1 CO2 emissions. Unchanged water consumption despite business growth and Aquazania acquisition.